The government previously indicated that it planned to take at least 50
percent of the restructured company [GM], and likely would take the right to
name members to its board of directors, as it has at Chrysler, where the
government will control four of nine seats.
So why don't we do the same with Citibank and Bank of America? I tell you why. GM and Chrysler didn't give millions of dollars to all the politicians, including Obama, in the last election.